The Government has announced the establishment of a new national hub for fintech - the Centre for Finance, Innovation and Technology - based in Leeds.
The Government-backed national hub for fintech looks to boost growth and innovation in the UK, supporting firms to achieve "truly global scale".
In response to the announcement, Insurtech UK's co-chair, John Warburton, commented: "Insurtech UK welcomes the Government announcement today around the establishment of the Centre for Finance, Innovation and Technology in Leeds. We are pleased that this important recommendation from the 2021 Kalifa Review has been established and look forward to building an ongoing relationship. Fintech is such a wide ranging and vibrant component of the UK economy; with the insurtech scene forming a core pillar of this sector. We see huge opportunity for further innovation that can support Insurance customers and businesses all over the country. We welcome further support from Government to help innovate, scale and contribute to economic growth."
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